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Here are some facts about consumer behaviour ๐ 89% of shoppers do research online before making a purchase. ๐Limited availability of a certain product can create an obsession amongst consumers. ๐A customer who has a good experience will tell 4-6 people; on the other hand, a customer whoโs had a bad experience will tell between 9-15 people on average. ๐Bundling is an effective sales strategy as long as the bundled items can be bought separately, because it portrays the image that it is a convenient purchase. ๐70% of the buying experience is based on how the customers feel they are being treated.
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Top 10 Metrics for Startups ๐ Customer Acquisition Cost (CAC): How much does it cost you to gain a customer? ๐ Lifetime Value (LTV): The total worth of a customer over their entire relationship with your business. ๐ Burn Rate: How quickly are y
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๐ฅต Microwaves โ thing of the past. Xiaomi launches a board with graphene heating for food. The Xiaomi Mijia Foldable Food Warming Board has three sections, and each one heats up separately โ from 40ยฐ to 130ยฐ. ๐ Sales start at the end of this month
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How to Build Trust among customers ? Here's the Pick โคต๏ธ ๐ Deliver on promises, every time. ๐ Transparency beats fancy marketing. ๐ Offer value that exceeds expectations. ๐ Listen more, talk less. ๐ Be consistent, not flashy. ๐ Admit mis
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Why Nike Wins Always ๐ Branding: Just Do It. Enough said. ๐ Innovation: Continually pushing the boundaries in sportswear. ๐ Endorsements: Partnering with top athletes to boost credibility. ๐ Marketing: Storytelling that resonates deeply with
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Dikhega to bikega, bikega to Tikega ๐ฎ๐ณ ๐ Jugad: Embrace the art of quick fixes and smart shortcuts. ๐ Relationships: Business runs on trust and personal connections, not contracts. ๐ Bargaining: Negotiation isn't rudeโit's a cultural skill he
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What If Indian Political Parties Had Start-Ups? ๐ Mission Statements: Promises even they canโt keep. ๐ Foundersโ Disputes: More drama than a soap opera. ๐ Fundraising: Crowdsourcing votes and donations. ๐ Marketing Campaigns: Slogans louder t
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โStartup founders, if you could magically solve ONE challenge overnight, what would it be? ๐ ๐ Building the right team ๐ Securing funding ๐ Getting first 100 customers Drop your choice and tell why โ your insights might inspire someone!โ
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The Psychology of Customer Experience Loss Aversion in CX People hate losing something more than they love gaining something. If your CX feels like effort, theyโre losing time, energy, or sanity. What are you doing to eliminate loss from your exp
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